Company News
Thursday preview: BoE, Rolls-Royce in focus
All eyes on Thursday will be on the Bank of England which is expected to go ahead and raise interest rates further.
Spirax-Sarco describes modest growth amid challenging market
Spirax-Sarco Engineering maintained its full-year guidance in an update on Wednesday, as it continued to trade in line with expectations.
John Lewis staff council backs Sharon White as chair
Staff at the John Lewis Partnership agreed to allow Sharon White to continue in her role as the retailer’s chair on Wednesday, but remained critical of her overseeing of losses and controversial plans to sell a stake in the firm to investors.
Supreme Court rules in favour of Shell over Nigeria oil spill
The UK’s highest court has ruled in favour of energy giant Shell in a dispute over a 2011 oil spill in Nigeria.
Director dealings: LSE director's firm sells down again, VOF investment manager buys in
London Stock Exchange Group was once again at the top of the list of director sells on Wednesday, after a company linked to one of its directors offloaded more than £0. 75m of shares.
Tui narrows losses as travel recovery continues
Holiday giant Tui on Wednesday reported narrower losses and an increase in revenue as travel rebounded from the Covid pandemic.
ASOS shares slump on wider losses as shoppers retrench spending
ASOS shares slumped after the fast fashion retailer reported wider interim losses as shoppers continued to tighten their belts amid the cost of living crisis, even though the company said it was confident of a return to profit in the second half.
Velocys confirms Altalto claims first tranche of DfT grant funding
Velocys announced on Wednesday that Altalto has claimed the first tranche of £7m from the UK Department for Transport (DfT) advanced fuel funds grant for the Altalto Immingham sustainable aviation fuel project.
Lithium producers Allkem, Livent agree $10.6bn tie-up
Australian lithium miner Allkem has agreed to acquire US chemicals firm Livent in a deal worth $10. 6bn, it was announced on Wednesday.
H&T Group reports strong trading in first four months
Pawnbroker and jewellery retailer H&T Group reported a strong trading performance in the first four months of the year on Wednesday.
Dekel reports 'standout' month for palm oil operation
West Africa-focussed agriculture company Dekel Agri-Vision reported a significant increase in April production at the Ayenouan palm oil project in Côte d'Ivoire on Wednesday.
SkinBioTherapeutics pleased with progress on two fronts
Skin health-focussed life science company SkinBioTherapeutics said in an update on Wednesday that its partner Sederma, a division of Croda International, was planning to undertake additional studies on SkinBiotix.
Unbound tumbles as fundraising deal collapses
Hotter shoes owner Unbound tumbled on Wednesday as it said that a funding deal had collapsed and reported a deterioration in trading conditions.
Ixico set to report first-half loss as legacy issues unwind
Medical imaging analytics specialist Ixico reported first-half revenue of £3. 2m in a trading update on Wednesday, down from £3. 9m in the first six months of the 2022 financial year.
GRC International revenue set to rise, but earnings slip
Risk management and compliance-focussed cybersecurity specialist GRC International said in a trading update on Wednesday that it expected revenue to be between £14. 5m and £15m for the financial year, up from the £13. 9m it reported for 2022.
Serabi Gold enters strategic alliance with Vale
Brazil-focussed gold miner and developer Serabi Gold announced the signing of a strategic exploration alliance with Vale on Wednesday, aimed at discovering large-scale copper projects in the Tapajos region of Para in Brazil.
Alpha Group launches new fund finance intermediary service
Alpha Group International announced the launch of a new fund finance intermediary service on Wednesday, aimed at providing a better way for borrowers to access and manage their fund financing.
Cenkos pleased with trading ahead of proposed finnCap merger
Financial services company Cenkos Securities updated the market on its trading on Wednesday, as well as its planned all-share merger with finnCap Group.
Union Jack Oil achieves $15m revenue landmark from Wressle
Union Jack Oil announced on Wednesday that it has achieved material landmark net revenues of over $15m from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the Humber Basin.
National Express announces name change to Mobico Group
National Express announced its decision to change its name to Mobico Group.